75 FR 228 pg. 73166 - Publication of the Tier 2 Tax Rates

Type: NOTICEVolume: 75Number: 228Page: 73166
FR document: [FR Doc. 2010-29887 Filed 11-26-10; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version:  PDF Version

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Publication of the Tier 2 Tax Rates

AGENCY:

Internal Revenue Service, Treasury.

ACTION:

Notice.

SUMMARY:

Publication of the tier 2 tax rates for calendar year 2011 as required by section 3241(d) of the Internal Revenue Code (26 U.S.C. section 3241). Tier 2 taxes on railroad employees, employers, and employee representatives are one source of funding for benefits under the Railroad Retirement Act.

DATES:

The tier 2 tax rates for calendar year 2011 apply to compensation paid in calendar year 2011.

FOR FURTHER INFORMATION CONTACT:

Kathleen Edmondson, CC:TEGE:EOEG:ET1, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC 20224, Telephone Number (202) 622-0047 (not a toll-free number).

TIER 2 TAX RATES: The tier 2 tax rate for 2011 under section 3201(b) on employees is 3.9 percent of compensation. The tier 2 tax rate for 2011 under section 3221(b) on employers is 12.1 percent of compensation. The tier 2 tax rate for 2011 under section 3211(b) on employee representatives is 12.1 percent of compensation.

Dated: November 17, 2010.

Nancy Marks,

Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities).

[FR Doc. 2010-29887 Filed 11-26-10; 8:45 am]

BILLING CODE 4830-01-P